National Beverage Properties Closes First Deal

Beer Marketer’s Insights:

National Beverage Properties, which aims to be a beverage Real Estate Investment Trust (REIT), closed its first deal and acquired 78,000-sq foot warehouse of RMC Distributing in Colorado Springs. RMC pres. Pete Betka (who used to be a Coors exec) called it ‘win-win in areas of real estate partnering, liquidity, diversification and long-term real estate planning.’

NBP was founded by Bill Anderson, son and brother of John Andersons Sr. and Jr. respectively, and is modeled on the car dealership REIT, Capital Automotive (CARS). CARS is a public company that includes 375 auto dealers, and its stock has more than doubled since 2000.